Lightbridge LTBR posts FY 2025 working capital of USD 201.7 million, up 5.1x

Reuters02-26 05:21
Lightbridge LTBR posts FY 2025 working capital of USD 201.7 million, up 5.1x

Lightbridge (Nasdaq: LTBR) reported FY 2025 results with no revenue and a net loss of USD 19.6 million. General and administrative expenses rose to USD 14.0 million (+65%) and R&D expenses increased to USD 9.2 million (2.0x), while interest income climbed to USD 3.6 million (2.8x). Cash used in operating activities was USD 14.3 million (+50.5%). Lightbridge ended FY 2025 with cash and cash equivalents of USD 201.9 million and working capital of about USD 201.7 million. Total assets were USD 203.8 million and total liabilities were USD 0.8 million, with stockholders’ equity of USD 203.0 million. Cash provided by financing activities was USD 176.2 million (8.4x), driven primarily by net cash provided by the company’s at-the-market equity program of USD 176.0 million from the sale of approximately 12.6 million common shares. On operations, Lightbridge said it successfully co-extruded samples of depleted and enriched uranium-zirconium alloy with Idaho National Laboratory and began testing them in the Advanced Test Reactor, as part of its Lightbridge Fuel development program for light-water reactors and future small modular reactors. CEO Seth Grae also cited a more supportive nuclear policy environment and growing demand for nuclear power tied to AI and data centers.

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